Industry | 8 June, 2026 at 2:00 PM
Banks vow legal battles over Competition Council fines
The Romanian Competition Council has fined 10 local banks a total of RON 3.73 billion (€710 million) for breaching antitrust regulations.
The Romanian Competition Council has fined 10 local banks a total of RON 3.73 billion (€710 million) for breaching antitrust regulations.
Romania's Competition Council has fined 10 banks a total of €710 million for violating competition rules through coordinated behaviour in the Robor interest rate setting process.
Several of Romania's largest financial institutions have issued official statements to the Bucharest Stock Exchange (BVB).
The three-month ROBOR index, used to calculate the cost of consumer loans in lei with variable interest rates, fell to 6.21% per annum on Wednesday.
The three-month ROBOR index, which is used to calculate the cost of consumer loans in lei with variable interest rates, increased to 7.25% per annum on Thursday, from 6.47% per annum in the previous session.
The six-month index, used to calculate interest rates on variable-rate lei mortgage loans, stagnated at 5.97% per annum.
Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.
The European Retail Banking Radar, Kearney's latest study now in its 18th edition, shows that Europe is entering a period of normalisation following the conditions of 2023–2025. For Romania, the challenge extends beyond the normalisation of interest rates.
Digi Spain has announced its intention to launch an initial public offering (IPO) on the Spanish stock exchanges, aiming to raise approximately €150 million.
Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.
The European Commission has approved, under EU State aid rules, Romanian measures for the national investment and development bank Banca de Investiții și Dezvoltare (BID).